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RGGI carbon price hits record high in latest auction
10 March 2014A record clearing price of $4.00 was set in the 5 March auction of emission allowances by the Regional Greenhouse Gas Initiative (RGGI) – the first under its new, tighter emissions cap.
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RES pulls plug on biomass plant, blames UK policy uncertainty
06 March 2014Renewable energy developer RES has abandoned work on a 300MW biomass power plant in the UK, blaming the government's "erosion of support" for the technology.
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New US solar PV capacity soars 41%, further growth forecast
05 March 2014Photovoltaic (PV) power capacity of 4.75GW, with a market value of $13.7 billion, was added in the US last year – 41% more than in 2012 – according to an industry report, US Solar Market Insight.
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Mainstream trials innovative weather risk product
05 March 2014Mainstream Renewable Power is piloting a new type of insurance product designed to help protect against the risk that the pre-construction phase of an offshore wind plant is delayed by bad weather.
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Insured losses from EU floods may treble by 2050
04 March 2014The cost of floods in the EU may double to €23.5 billion a year by 2050, according to an academic study.
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Cement sector 'needs more than EU ETS to curb emissions'
03 March 2014The EU Emissions Trading System (ETS) is "essential" but a higher carbon price and complementary policies are required "to unlock much of the emissions reduction potential in the cement sector," says a new report.
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Renewables M&A deals up a third in 2013, further activity expected in 2014
28 February 2014The value of mergers and acquisitions in renewable energy rose nearly a third in 2013, driven by utilities looking to offload the assets to raise capital, a consultancy firm has found.
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CDM must stop verifier exodus, warns new Executive Board member
26 February 2014The Clean Development Mechanism will struggle to recover if verifiers continue to leave the market, a new member of its oversight board has warned.
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RGGI proceeds provide $700m for low-carbon energy projects
25 February 2014The nine US states participating in the Regional Greenhouse Gas Initiative (RGGI) have invested more than $700 million of proceeds from the programme to curb energy use and reduce carbon emissions.
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Speed up EU ETS reforms or risk lost decade: Climate Change Capital
25 February 2014The EU's Emissions Trading System risks suffering a "lost decade" unless policymakers bring forward plans to combat the oversupply of allowances dogging the market, Climate Change Capital has warned.